Tonit M. Calaway Sells 6,889 Shares of BorgWarner Inc. (NYSE:BWA) Stock

BorgWarner Inc. (NYSE:BWA – Get Rating) CAO Tonit M. Calaway sold 6,889 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $50.87, for a total value of $350,443.43. Following the transaction, the chief accounting officer now owns 28,105 shares in the company, valued at approximately $1,429,701.35. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

BorgWarner Stock Performance

BWA opened at $50.07 on Thursday. BorgWarner Inc. has a twelve month low of $31.14 and a twelve month high of $51.14. The firm’s 50-day moving average price is $46.35 and its 200 day moving average price is $40.89. The firm has a market capitalization of $11.72 billion, a PE ratio of 12.52, a PEG ratio of 0.56 and a beta of 1.41. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 0.55.

BorgWarner (NYSE:BWA – Get Rating) last issued its quarterly earnings results on Thursday, February 9th. The auto parts company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. BorgWarner had a net margin of 5.97% and a return on equity of 14.97%. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the firm posted $1.06 earnings per share. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. As a group, sell-side analysts expect that BorgWarner Inc. will post 4.9 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be issued a $0.17 dividend. The ex-dividend date is Tuesday, February 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.36%. BorgWarner’s dividend payout ratio is currently 17.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BWA shares. StockNews.com raised BorgWarner from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 19th. Wells Fargo & Company lifted their target price on shares of BorgWarner from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, February 10th. Bank of America cut shares of BorgWarner from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $78.00 to $50.00 in a research note on Monday, January 9th. Morgan Stanley upped their target price on shares of BorgWarner from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Friday, February 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of BorgWarner from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, February 10th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $52.91.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BWA. AE Wealth Management LLC lifted its holdings in shares of BorgWarner by 0.3% during the 4th quarter. AE Wealth Management LLC now owns 87,995 shares of the auto parts company’s stock valued at $3,542,000 after purchasing an additional 223 shares in the last quarter. Bessemer Group Inc. boosted its holdings in BorgWarner by 1.4% in the fourth quarter. Bessemer Group Inc. now owns 18,375 shares of the auto parts company’s stock worth $739,000 after acquiring an additional 250 shares in the last quarter. Colonial Trust Advisors increased its position in shares of BorgWarner by 0.5% during the second quarter. Colonial Trust Advisors now owns 51,793 shares of the auto parts company’s stock valued at $1,728,000 after acquiring an additional 260 shares during the last quarter. AlphaCrest Capital Management LLC increased its position in BorgWarner by 0.5% in the third quarter. AlphaCrest Capital Management LLC now owns 56,404 shares of the auto parts company’s stock worth $1,771,000 after buying an additional 265 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its stake in BorgWarner by 0.9% during the fourth quarter. New York Life Investment Management LLC now owns 35,114 shares of the auto parts company’s stock valued at $1,413,000 after buying an additional 297 shares during the period. 91.44% of the stock is currently owned by institutional investors and hedge funds.

About BorgWarner

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BorgWarner, Inc engages in the provision of technology solutions for combustion, hybrid and electric vehicles. It operates through the following segments: Air Management, e-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance.